No. of Recommendations: 0
Meowiz writes:

<<I have been looking at the fees I pay with the investment co. I currently have my Keogh with. They charge 5.7% on contributions, plus 10.00 annual fee.
I compared this with Vanguard Keogh contribution charge, and just $10.00 annual fee.

My current investment co. charges no fees to withdraw my Keogh and roll it over to other trustee.

I would eventually like to take it out of where it is now and save all those charges, but I am not ready to manage it myself yet. However, since I have'n't made full contribution for l998 yet, but have to buy April 15, when we turn taxes in, they could still get a big chunk of money from me w/the 5.7% charge if I leave it there till April. I guess depending on interest rate of where I'd put it would be involved in evaluating what to do transitionally, since lower interest rate might offset fee savings. I would appreciate any thoughts on this. I would never have even thought of this without having studied TMF're creating a monster! (A Foolish monster!)>>

I'm not certain there's a question here, but I'm certainly glad you're thinking like a Fool. That 5.7% load is outrageous. IMHO the sooner you can dump that onerous fee, the better. I'm not sure what type of vehicle you're looking for, but certainly Vanguard will pay you at least money market rates on the transferred cash until you decide. Unless it's gonna take you longer than six months to do so, then IMHO unless there's a violent upward surge in the market, then you won't lose much to a lower rate of return by moving the money ASAP.

Just one Fool's .02 FWIW.

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